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Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service at September 30, 20Y6, the end
Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Service at September 30, 20Y6, the end of the current year, and its revenue and expenses for the year. The retained earnings were $48,840 on October 1, 20YS, the beginning of the current year. During the current year, dividends of $23,900 were paid $17,140 106,749 15,000 185,211 642,600 5,130 85,470 7,980 13,670 51,280 244,190 Accounts payable Accounts receivable Common stock Cash Fees earned Miscellaneous expense Rent expense Supplies Supplies expense Utilities expense Wages expense 2. Prepare a statement of stockholders' equity for the current year ended September 30, 20Y6. If an amount is zero, enter "0. Glacier Travel Service Statement of Stockholders' Equity For the Year Ended Septeber 30, 20Y6 Common Stock Retained Earnings Total Balances, Oct. 1, 20YS 48,840 Issuance of common stock15,000 Net income 0 242,860 Dividends 23,900 Balances, Sept. 30, 20Y6 3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity. Glacier Travel Service Balance Sheet September 30, 20Y6 Assets Cash Accounts receivable Supplies 185,211 106,749 7,980 299,940 Total assets Liabilities Accounts payable 17,140 Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 5,000
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